12
Jul
08:33
Chinese HRC market remains negative
Chinese domestic HRC prices maintained a downtrend last week, though the decline was limited. Meanwhile HRC export prices were also steadily pushed lower, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,880-3,890/tonne ($564.68-566.14/t), a slight fall of CNY 10/t over the week. On the Shanghai Futures Exchange, the October HRC contract closed CNY 37/t lower than Thursday and CNY 21/t lower over the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous